Technical Analysis Update, Pepe Coin Resistance Today 20 May 2023

x3-comments (68)in #btc • last year

Hello Everybody Welcome to my blog. Today we are going to talk about the Pepe Coin broke the Resistance

Pepe went really really down from the all-time high which we had at the beginning of May and it was exactly on the 5th of May when the price 45 980 around the level and we went down in a percentage amount by 67 68 percent,

what is happening we see it is getting candles and we have Cole Scandal about this resistance was broken now we are also about the EMA which we were talking that as soon as we will get about we should see like here we should see some moment up also this EMA was showing us the uptrend if we are below

if we are below so we will reject it from this EMA therefore this is also like a double confirmation that the price could really go to higher levels hopefully, we will see some moments up according to the Fibonacci I wanna see least Pepe in the level

18559 the latest draw the first Target from this level we could see some rejection because most of the coins react from 618 Fibonacci I said most of the coins but you know that was not a bullish this level we were talking that we are creating this one descending triangle and its high chance that we will see the movement down but we also said this is the kind of like last chance to break this resistance and I'm glad that we close this candle this is one hour and that we close this candle green about this resistance so hopefully we will see the movement up yes we could see some pullback or confirm nation that this resistance is going to be our support but you know this is mimic coin there is no need to have the confirmation because this is the new coin this is formal coin and when the price starts rise there is gonna be like many tweets about on a Twitter the the Pepe is going up and people will start to buy therefore my next Target

I'm not looking right now at the confirmation of the support is the next Target and the next Target is from the level where we are right now up by 15 almost 16 percent at least from the break it was around 22 percent so will we get to this the level you can write in the comment but we were waiting from 13th of the May 7 days one week we were waiting to break this resistance and I am glad that we did it what about GMA it's a couple of multiplier moving averages combination or shortening a long one is red short Wing averages are the green and this is what we want to see the green moving averages will go above the red one and I would like to see also rejection from guppy like we saw here on the way down when we were rejected but on the way down and now when guppy gummies gonna go up so we could see the rejection from this one but on the way up as we head or when we were move

here you see green went about the red one that's a combination of moving averages and this was kind of support we were rejected so we went up and see here here here so therefore what these hours I know it's a weekend probably your day off you don't have time to watch but if you are holding Pepe probably you will find some time to watch the candles so guys please pay attention and these are our Target actually this is the first-hour Target where we would like to see Pepe going